First of all you will have to qualify for a loan your self and if you rent to your friends its just a plus. The better the house the more rent you can charge. I have a house for sale for $269,900 buy owner /no realitor. IF YOU HAVE MONEY/GREAT CREDIT I would put 20% down so you don't have to pay PMI. Closing cost would be anywere from $2000-$4000 that a bank would roll into the morgage and your payments would be around $1200 a month. I would charge each of your friends $125.00 to $150.00 a week plus 1/3 utility.and you would be on easy street if you have great friend.
If you would like to see it call me at 781-803-3865 23 SEAVER ROAD WEYMOUTH,GOOD LUCK,NORM
Remarks:Open House SAT/SUN 11AM to 2PM.WOW! GREAT INVESTMENT OR OWNER OCCUPY, THIS COMPLETELY RENOVATED DIRECT WATERFRONT HOME ON WHITMAN'S POND, Double Lot, Dead End St. 6 Rooms, 3 Bedrooms, Bath With Jacuzzi. IT'S LIKE BEING ON VACATION ALL YEAR ROUND! Beautiful Views! Dock your motor boat 18' from your back slider. ONLY 23 Minutes from Boston. Quick closing Available! WHY WAIT! MAKE A BEST REASONABLE OFFER TODAY.